Business News/ News / India/  Mint Morning Digest: Q1 GDP expectation, Tata Motors acquisition, JEE Main results and much more

New rules may pull rug out from India’s bid to boost bond market

India’s plan to expand its corporate bond market faces an unexpected impediment because the regulator is considering tightening control of trading platforms that allow investments in company debt in just a few clicks. Read more here

JEE Mains 2022: Result for session 2 exam out, Check here

The National Testing Agency (NTA) has declared the Joint Entrance Examination Mains 2022 (JEE Mains 2022) result for session 2 exam today, August 8. Candidates who appeared for the engineering entrance exam can check their results on the official website of NTA's Read more here

Banks to remain closed for 6 days this week. Check full list here

If you have any important work related to the bank, then plan it accordingly keeping in mind the holidays this week. Banks will remain closed for six days in some cities on account of various holidays. Bank holidays are different for each state, however, there are some days when banks are closed across India. Read more here

Commonwealth Games 2022 Day 11: Details of India's full schedule here on closing day

With Indian athletes won 55 medals -- 18 golds, 15 silvers and 22 bronze-- at the Commonwealth Games 2022, the country stands now among the top five countries in terms of the medal tally. PV Sindhu, Lakshya Sen and the men's doubles pair of Satwiksairaj Rankireddy and Chirag Shetty will play in the finals in their respective badminton events. PV Sindhu will take on world No. 13 Michelle Li of Canada in the final on Monday, while Lakshya Sen will face Malaysian shuttler Tze Yong NG in the men's singles final final. Read more here

Opening soon: Delhi to Kashmir route, comprising world’s tallest railway bridge

The Central government and Indian Railways will soon open the Delhi to Kashmir rail route for public travel since the project is nearing completion and the railway bridge over the Chenab River in the district of Reasi on the Baramulla railway line is also almost finished. Read more here

Tata Motors EV subsidiary acquires Ford's Sanand plant for 726 crore

Tata Motors Sunday said its subsidiary Tata Passenger Electric Mobility Ltd (TPEML) has signed a Unit Transfer Agreement (UTA) for the acquisition of Ford India’s manufacturing plant at Sanand in Gujarat for 725.7 crore. Read more here

Economists expect India’s Q1 GDP growth at 12.5-15%

The Indian economy is likely to have grown in double digits in the first quarter of the current financial year, supported by strong revival in consumption and recovery in the services sector, and a low base, according to economists. With forecasts ranging between 12.5% and 15%, economists said private investment is yet to fully recover and rising interest rates led by monetary policy tightening may pose a challenge for additional investments in the manufacturing sector, while high inflation will keep corporate margins under pressure. Read more here

Exponent to pilot rapid charging for e-three-wheelers

Bengaluru-based Exponent Energy, backed by Hero MotoCorp chairman and chief executive Pawan Munjal’s family office, will launch the world’s fastest charging electric three-wheeler manufactured by last-mile transport firm Altigreen. Read more here

Shell Lubricants to sell EV battery coolants in India

Attracted by India’s electric vehicles play, global energy giant Shell Inc.’s subsidiary Shell Lubricants will launch fluids for EV motors suitable for the climatic and geographic conditions. Read more here

Trading segment leads Q1 beat for GAIL but Russian gas supply a worry

Near-term uncertainties around supplies from Russia are keeping markets cautious despite GAIL India Ltd reporting strong numbers for the quarter that ended in June. The stock continued its downwards journey and closed 5.17% lower Friday. Read more here

States flag their fiscal woes at NITI Aayog meeting

State leaders flagged their fiscal woes at NITI Aayog’s governing council meeting chaired by prime minister Narendra Modi on Sunday, even as the central government sought states’ cooperation in addressing issues in farming and education. Read more here

SBI hopes rising yields will drive companies to banks

State Bank of India (SBI) is counting on renewed interest from corporates for credit offtake as rising bond yields make market borrowings more expensive. With the interest rate cycle turning because of soaring inflation, bond yields have hardened in recent months, pushing up overall borrowing costs of companies in the debt market. Read more here

Carmakers  roll out  discounts  to  drive  sales  as festive  season  nears

Passenger vehicle makers are preparing to calibrate production and doling out discounts ahead of the festive season, at a time increased output has led to higher stocks at dealerships. Read more here

How to evaluate and select an asset manager

With the mainstreaming of portfolio management services (PMS) and alternative investment funds (AIFs), investors are spoilt for choice. Currently, there are over 365 portfolio managers and 900 AIFs registered with market regulator Sebi, and this number is increasing at an exponential rate. Read more here


Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 08 Aug 2022, 08:00 AM IST
Recommended For You
Get alerts on WhatsApp
Set Preferences My Reads Watchlist Feedback Redeem a Gift Card Logout